Parts Town Acquires PartsXpress Parts Distribution Business

Parts
Town, the leading parts distributor in the commercial foodservice
equipment market, has acquired PartsXpress,
the commercial foodservice equipment parts business division of Smart
Care Equipment Solutions. Financial terms were not disclosed.

As part of this acquisition, Parts Town will become the primary supplier
of genuine OEM parts to Smart Care Equipment Solutions’ technicians. The
acquisition will further expand Parts Town’s leadership in supporting
field service companies across the globe with the genuine OEM parts they
need to deliver field service excellence. Smart Care Equipment Solutions
will retain and build on its growing national field service capability,
not acquired by Parts Town.

“PartsXpress is an exciting addition to the Parts Town family and will
further strengthen the value Parts Town brings to both manufacturers and
customers,” said Steve Snower, CEO of PT Holdings, parent company of
Parts Town. “This acquisition moves us one step closer to our vision of
making it easier, faster and even kinda fun for customers to find and
buy foodservice equipment parts. The PartsXpress team brings a strong
and diverse customer base and demonstrated expertise and passion for
servicing customers, and we look forward to welcoming a new group of
accomplished team members to Parts Town’s dynamic culture.”

The acquisition of PartsXpress further strengthens Parts Town’s global
market leadership in the industry. In addition to its growth from
acquisitions, Parts Town continues to sustain high organic growth rates,
with 2018 on pace to deliver over 30 percent growth, building on its
streak of 15 consecutive years with more than 20 percent organic growth.
The company’s consistent growth is driven by a differentiated inventory,
unique technology and partnerships with the industry’s leading
manufacturers.

Bill Emory, CEO of Smart Care Equipment Solutions adds, “The sale of
PartsXpress is another key step in our strategic plan to build Smart
Care Equipment Solutions into the nation’s premier foodservice equipment
care company. It allows us to focus on growth by doing what we do best:
delivering great service for our customers through the strongest and
largest team of commercial kitchen equipment technicians. ”

To learn more about Parts Town and their current services, visit www.partstown.com
and follow their updates on Facebook,
LinkedIn
and Twitter.

About Parts Town

Parts Town is the market-leading distributor of genuine OEM (original
equipment manufacturer) foodservice equipment parts. When there’s a
hiccup in any commercial kitchen, Parts Town is ready to jump in and
help with the most in-stock parts on the planet, innovative technology,
and an unmatched customer experience. Customized solutions benefit food
equipment service companies, chain restaurants, institutions and
independent restaurants.

Our 360-degree imaging technology, PartSPIN®, valuable
interactive diagrams, convenient Smart Manuals, and the industry’s first
mobile app allow customers to easily and conveniently find and view
equipment manuals and parts in the field, where that info is needed
most. These innovations, paired with same day shipping and extended
hours of operation, ensure the correct part is ordered and delivered
every time.

Partnering with the top manufacturers of commercial cooking,
refrigeration, ice and beverage equipment and more, Parts Town improves
the supply chain, increases sales of genuine OEM parts and keeps every
customer’s business running like clockwork.

Parts Town makes finding and buying foodservice equipment parts easy,
fast and kinda fun.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180712005517/en/

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